CENTERVILLE PUBLIC LIBRARY ASSOCIATION INC (EIN 042221700) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1925

Legal Domicile

Principal Officer

KAREN MCDONALD

Phone

5087906220

Tax Period

2023-07-01 to 2024-06-30

CENTERVILLE PUBLIC LIBRARY ASSOCIATION INC, founded in 1925, is a small nonprofit in the Education sector that reported $701K in total revenue in fiscal year 2023. Net assets of $3.6M represent 62 months of operating reserves.

Mission

MAINTAIN A PUBLIC LIBRARY IN THE VILLAGE OF CENTERVILLE, MA

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $596,495

Program Service Revenue $27,937

Investment Income $40,523

Other Revenue $35,996

TOTAL REVENUE $700,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $382,239

Fundraising Expenses $6,634

Program Expenses $607,400

Other Expenses $308,278

TOTAL EXPENSES $690,517

Year-over-Year Comparison

	2023	2022	Change
Revenue	$700,951	$690,026	+0.0%
Expenses	$690,517	$793,735	-0.1%
Net Income	$10,434	$-103,709	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA BETE	TRUSTEE	2.00	Director	$0	$0	$0
MEGAN BRIGGS-MAGNANT	TRUSTEE	2.00	Director	$0	$0	$0
GUY GIAMMASI	TRUSTEE	2.00	Director	$0	$0	$0
PATRICIA GIAMMASI	TRUSTEE	2.00	Director	$0	$0	$0
ALTHEA GREEN	TRUSTEE	2.00	Director	$0	$0	$0
LAURA GROARK	TREASURER	5.00	Officer Director	$0	$0	$0
ROB KLINE	TRUSTEE	2.00	Director	$0	$0	$0
JAMES LANE	TRUSTEE	2.00	Director	$0	$0	$0
KAREN MCDONALD	PRESIDENT	5.00	Officer Director	$0	$0	$0
SHEA MILLS	TRUSTEE	2.00	Director	$0	$0	$0
CASEY RAPALJE	TRUSTEE	2.00	Director	$0	$0	$0
KAREN REZENDES	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
REBECCA RICHARDSON	TRUSTEE	2.00	Director	$0	$0	$0
MARGARET SUTPHIN	SECRETARY	5.00	Officer Director	$0	$0	$0
ANDREA WOOD	TRUSTEE	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$700,951	$690,517	$3,640,358	$10,434
2023	$690,026	$793,735	$3,544,935	$-103,709
2022	$506,189	$645,505	$3,614,546	$-139,316
2021	$640,758	$616,337	$3,825,616	$24,421
2019	$590,848	$695,950	$3,701,187	$-105,102

CENTERVILLE PUBLIC LIBRARY ASSOCIATION INC